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DUBAI, 26th January, 2023 (WAM) Emirates Islamic reported a net profit of AED 1.24 billion in 2022, a 51% increase from the previous year. The bank's strong performance was driven by higher funded and non-funded income, coupled with a reduction in cost of risk. The bank also reported a 36% increase in Operating Profit and a 15% increase in total assets to AED 75 billion.
Hesham Abdulla Al Qassim, Chairman, Emirates Islamic and Vice Chairman and Managing Director of Emirates NBD stated that based.